The Government has put in place unprecedented support for businesses and workers to protect them against the economic impact of COVID-19. In 2020/21, the Government is providing export support of around £1 million to UK music companies. Most of this is grant support offered to the Small and Medium Enterprises (SMEs) in the UK’s music sector through the International Showcase Fund and the Music Export Growth Scheme.
During the pandemic, the Government has provided support for digital events so music companies can continue to do business with international customers. The Government is working closely with the Creative Industries Trade and Investment Board, which includes music representatives, to develop a creative industries trade and investment recovery strategy which will enable the UK music sector to maintain its strong international position.